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How many people from Peterborough are on furlough?

The Job Retention Scheme was launched to help workers get through the lockdown period and ensure there were jobs to return to when lockdown is lifted.
Guild Hall 2
13,200 people are on furlough in Peterborough. Photo: John Baker

The East of England has 709,600 people in their furlough scheme, with Peterborough listed as having 13,200 people on furlough. 

Grants have been issued to cover up to 80% of people’s wages, up to the value of £2,500 a month.

Workers across the UK have been put on furlough due to the closure of many offices and a decreased need in staff. 

However, with non-essential retail stores slowly opening and the hospitality industry on its way back, it's likely there will be a drop in the number of people on furlough.

Sandy Harris, area manager for Reed recruitment agency, was positive about the job market in the wake of the coronavirus pandemic. Speaking to Peterborough Matters, she said: "It's actually looking quite positive out there - there are plenty of green shoots in the job market, and companies are making plans to start recruiting again.

"As a whole, Peterborough businesses have done remarkably well with what they've done and how they've coped. They got people set up working from home quickly, which is no mean feat, and the same businesses that reacted quickly are putting plans in place for how they're going to move forwards."

Some reports have suggested that the creative industry will see a job loss of 26%. 

The UK's creative sector was previously growing at five times the rate of the wider economy, contributing more than the automotive, aerospace, life sciences, and fossil fuels industries combined.

However, the new report, The Projected Economic Impact of Covid-19 on the UK Creative Industries, predicts that despite the Job Retention Scheme, the creative sector will be hit hard by the impacts of the pandemic.

The East of England's creative sector employs over 160,000 people, but the Oxford Economics study is one of many suggesting that the creative industries - such as music, theatre, publishing and visual arts - are set to be hit at least twice as hard as the wider economy overall.

Predictions for the East of England include the loss of up to 42,000 jobs in the creative industries and a 31% drop in the gross value added - estimated to be a drop of £1.9billion.